(Reuters) – A New York appeals court on Thursday ordered a redrawing of the state’s congressional map, handing a victory to Democrats hoping to retake control of the closely divided U.S. House of Representatives in the 2024 election. The 3-2 decision by Appellate Division in the state capital of Albany reversed a lower court ruling,…
By Nandita Bose and David Shepardson WASHINGTON (Reuters) -Democratic U.S. Senator Joe Manchin said on Thursday he would oppose the nomination of Julie Su as labor secretary, arguing her “progressive background” would prevent her from forging compromises between labor and industry representatives. Manchin said in a statement the labor secretary “should have the experience to…
By Moira Warburton WASHINGTON (Reuters) – A bipartisan group of U.S. lawmakers on Thursday pushed to include a provision allowing medical research of psychedelic drugs as part of a sweeping annual defense policy bill, saying it could help treat post-traumatic stress disorder and other ailments despite possible concerns. “These are powerful substances, I don’t want…
(Reuters) – Elanco Animal Health said on Thursday the U.S. Environmental Protection Agency (EPA) has deemed the company’s Seresto flea and tick collars for pets safe for use following a multi-year review. The collars for cats and dogs, developed by Bayer and now sold by Elanco, are designed to deliver small amounts of flea and…
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks extended recent gains to end higher on Thursday, with the Nasdaq rising more than 1% for a second straight day, as data showed the annual increase in U.S. producer inflation was the smallest in nearly three years. The data provided more evidence that inflation pressures were…
By Kanishka Singh WASHINGTON (Reuters) – The United States has banned former Panamanian President Juan Carlos Varela Rodriguez from entering the U.S. for his “involvement in significant corruption,” Secretary of State Antony Blinken said on Thursday. “Today, I am announcing the designation of former Panamanian President, Juan Carlos Varela Rodriguez as generally ineligible for entry…
WASHINGTON (Reuters) – The U.S.-based National Foreign Trade Council on Thursday blasted Canada for its refusal to back a global agreement to hold off on implementing digital services taxes for at least another year, and said the move could invite retaliation. NFTC President Jake Colvin said he welcomed news from the OECD that most countries…
By Anirban Sen NEW YORK (Reuters) -AG Mortgage Investment Trust Inc, a real estate investment trust (REIT) managed by Angelo Gordon & Co, said on Thursday it made a stock-and-cash offer for Western Asset Mortgage Capital Corp, a peer managed by Franklin Resources Inc, that values it at about $300 million, including debt. If successful,…
(Reuters) -The U.S. Federal Trade Commission has opened an investigation into OpenAI on claims it has run afoul of consumer protection laws by putting personal reputations and data at risk, the strongest regulatory threat to the Microsoft-backed startup yet. The FTC this week sent a 20-page demand for records about how OpenAI — the maker…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian equities are on course Friday to round off their best week this year on a high, after the latest sign that U.S. inflation is slowing cemented hopes that Federal Reserve rate hikes are almost…
